Melamin Industries to pay Ndumiso Mamba E1m

 MBABANE –  Former Minister of Justice and Constitutional Affairs Ndumiso Comfort Mamba has obtained an order compelling  Swaziland Melamin Industries (PTY) LTD to pay him E1 million

This, after he took the director of the company Seyed Mahmood Afzali to court where he was demanding payment of this amount which he lent and advanced to the company.
It has been gathered that the company has since started paying back the money after negotiating terms of payment with Mamba’s attorneys.
In his application filed by his lawyers from Robinson Bertram, Mamba stated that he entered into a debt agreement with Afzali. He alleged that in terms of the agreement, he lent to the defendant a sum of E250 000 to enable the defendants to purchase raw material.

He further stated that according to the debt agreement the defendant was to pay him a sum of E25 000 being 10 per cent of the loan per month for a period of three months, beginning at the end of the first 30 days from the date of the subsequent month.
According to the agreement respondents were to pay the interest and the capital debt through the applicant’s bank account at First National Bank Mbabane branch.

Mamba further alleged that on September 11, 2012 the director of the company entered into an acknowledgment of debt and agreement to pay him.
He alleged that in terms of the agreement he lent and advanced the defendant a sum of E250 000 to enable the defendant to buy raw material.
He further alleged that on about October 3, 2012 the director of the company entered into an acknowledgement of debt and agreement to pay him. Mamba stated that according to the agreement he was to lend and advance the defendant E250 000 to purchase raw material.

The defendant according to the agreement was allegedly to pay Mamba E25 000, being 10 per cent of the loan per month
“As per the agreement between the parties the plaintiff (Mamba) honoured its obligation to the defendants by dispatching a total of E750 000, which was received by the defendant,” reads Mamba’s application in part.

He alleged that for the months of September, October and November 2012 the defendant paid the agreed 10 per cent of the interest but later breached the agreement by failure to make payments as agreed.

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: